Wills, Probate

Trusts, Estate Planning

210 South Beach Street, Suite 202
Daytona Beach, FL 32114
(386) 257-3332

Personal Representative

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I can't say enough good things about Heidi - she 100% saved the day on a house purchase my daughter was making - there were issues with a Life Estate which my husband and I knew nothing about. Heidi not only educated me but helped the seller (their son was the Trustee) with some very complicated issues that could have potentially blown the sale. Because of Heidi's legal expertise with elder law/estates and trusts, my daughter closed on the house this week.

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Elder financial exploitation

Protecting Against Elder Financial Exploitation Through Estate Planning

Elder financial exploitation is an alarming and growing problem. This abuse can involve the illegal or unauthorized use of an older person’s funds, property, or assets. Fortunately, thoughtful estate planning can provide robust protection against this threat. Here’s how.

Durable Power of Attorney (POA)

A durable POA allows you to name a trusted individual to manage your financial affairs if you become incapacitated. This document can limit the agent’s powers to specific transactions, adding a layer of protection against potential abuse.

Revocable Living Trusts

By placing assets in a revocable living trust, you can maintain control over them while providing clear guidelines if you need help managing them yourself. You can name a trusted successor trustee who is legally obligated to follow the guidelines you’ve laid out.

Regular Financial Reviews

Scheduling regular financial reviews with your attorney or financial advisor, ideally in the presence of a trusted family member, can provide an additional set of eyes to spot any irregularities.

Guardian Designations:

Guardianship designations can be a powerful tool to ensure that a court appoints someone you trust to manage your affairs.

Reporting Mechanisms

Include mechanisms for reporting suspected abuse to the proper authorities in your plan, providing a clear pathway to address concerns if they arise.

Working with a Reputable Estate Planning Attorney

A skilled estate planning attorney can craft an estate plan with the necessary safeguards tailored to your unique situation.

Protecting against elder financial exploitation is a complex but vital aspect of estate planning. By working closely with experienced professionals, you can create a plan that minimizes risks and provides peace of mind for you and your loved ones.

If you’re in Florida and need assistance protecting your estate against potential exploitation, Heidi S. Webb, Attorney at Law, can help. Contact her today to discuss your needs.

Heidi S. Webb, Attorney at Law, serves clients in Daytona Beach, Ormond Beach, Port Orange, and beyond with matters of Estate Planning and Probate. Contact her today to schedule a free consultation. Visit her page on Facebook, or see what her clients are saying to learn more about Heidi. 

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